Legal Online Sportsbook Bonuses & Promotions
While there are many things that attract users to any reputable sports betting site, legal online sportsbook bonus options are often the most compelling. These gambling bonuses are usually offered in the form of deposit match promotions, giving you extra money in the form of a percentage of your deposit. For sports bettors, welcome bonuses are particularly valuable, and many sites offer regular reload bonuses, crypto bonuses, and more.
Because the terms and conditions for these betting bonuses are so easy to meet at the best online sportsbooks, they really do amount to literal free money. And since you don’t need to deposit much to activate any given promo or perk, you can really “bet beyond your means” without actually stretching yourself thin! To learn more about the best online sports betting bonuses, our brief guide will explain every type available at all the top Internet destinations.
Most Valuable Online Sportsbook Bonuses
Bovada Bonus Options
If you’re signing up at Bovada, you can claim a Bovada bonus code for regular deposits or a special enhanced Bovada promo code for Bitcoin and Bitcoin Cash deposits. These will add between $250 and $750 to your bankroll, allowing to bet more money, more often.
Bovada promotion codes are advertised right on the site’s Promotions page, and they come with minimal 5X rollover requirements. As such, we highly recommend that all players accept these perks.
Note: New for 2021, Bovada has a Premium Bitcoin-Exclusive Membership tier that gives players reload bonuses worth up to $500 and extra Bovada Rewards points with every fresh deposit, just for using crypto to fund their bets.
BetOnline Bonus Options
BetOnline bonus codes are available for all members of the site, whether they’re brand new or simply making a new deposit. These match your deposit by up to $1000, so you can start out as the high roller you always knew you were!
Every BetOnline promo code is easily attainable, as they all come with a 10X rollover standard. To claim your bonus, simply enter your BetOnline AG promo code whenever making your first deposit or any subsequent deposit.
One of the things that really sets BetOnline apart is their account reload bonus program. Every single time you make a deposit at BetOnline AG, you can claim a 25% match bonus worth up to $250. And if you use Bitcoin to deposit, you'll get a 35% match bonus worth up to $350.
At BetOnline, you can bet more online!
MyBookie Bonus Options
MyBookie might be the newest top-tier online sportsbook, but the site has the bonus game down pat. So if you want to score a PAT with every deposit, simply enter any of the available MyBookie bonus codes whenever signing up or reloading your account.
New members can take advantage of a special MyBookie promo code that gives them a 10% cash bonus up to $200 (1X rollover), while they also offer a code to claim 50% on your first deposit for up to $1000 in free sports bets (10X rollover). In addition, MyBookie boasts a 25% sports betting reload bonus worth up to $500 for returning members.
To claim any MyBookie AG promo code, simply select the option during the deposit process. Then, hit the betting boards and make MyBookie your bookie!
What Is An Online Sportsbook Bonus?
An online sportsbook bonus is exactly what it sounds like: an online sportsbook bonus! Essentially, bonuses are special perks you get for signing up or making fresh sports betting deposits with any legal sports betting website. Different books have different promos, but they all allow members to hit the ground running and get in the game faster than ever.
Bonuses at the best online bookmakers are completely optional, but since the most reputable services make the terms and conditions of these promos easy to meet, we always like accepting them. If you manage your bankroll properly, a little bit of bonus goes a long way towards boosting your bottom line.
of Online Sports Betting Bonuses
Online sportsbook bonuses are usually given out based on how much you deposit, with bigger offers for first-time users and those who gamble with Bitcoin and altcoins.
However, existing members can often claim valuable sports betting bonuses, too, and there are even seasonal and specialty bonuses available, depending on the time of year, the sports in play, and the popularity of upcoming events.
You may get a March Madness bonus or free bracket entry during the NCAA Men’s Basketball Tournament, or you may come across a Super Bowl betting bonus whenever the biggest game of the year rolls around.
Each site here offers a huge menu of bet funding promos, so you’ll want to be sure to check out every provider’s selections before signing up. That said, regardless of the site you choose, you can expect some combination of the following:
How To Claim An Online Sports Betting Bonus
You can usually claim online betting bonus offers two ways, either by selecting them via a checkbox during the deposit process or by entering in a code. Regardless, the process is easy, straightforward, and painless.
Once you’ve chosen a perk (you can only activate one at a time), your selected option or sports betting bonus code will be applied to your account instantly, and the balance will show up in your online betting wallet. No fuss, no muss, free bucks!
Sportsbook Deposit Bonus Codes
Sportsbook bonus codes were the original standard, and every top site offered them to new and returning members.
However, betting sign-up bonus codes and reload bonus codes aren’t usually required anymore, as most books will just show you their current bonuses in a menu, and you simply click or tap on the one you want to apply to your account.
That said, for those operators that still use sportsbet bonus codes, you don’t have to go digging on other sites or forums to find them, as they’re always listed on your sportsbook’s Promotion page.
How Legal Sports Betting Bonuses Work
Now that you know how to actually select the best sportsbook bonus offers anytime you make a deposit, you need to know how they work. Fortunately, all the top legal sports betting sites make their terms and conditions very clear, so there’s never any ambiguity.
Essentially, all you need to know about how to use bonus bets is that every promo comes with something called a rollover requirement, and you must meet this requirement before you’re eligible to withdraw any winnings associated with the bonus.
Rollover, sometimes also called “playthrough” (especially when referring to casino bonuses, as many of the best online sportsbooks also offer online casino games), refers to how much money you have to bet before you can request a withdrawal.
We’ll use an example to show you how bonus rollover works. For this, we’ll discuss Bovada’s $250 sign-up bonus, which comes with a deposit match of 50% and a 5X rollover requirement.
So, you sign up at Bovada and make your first deposit. You want the maximum bonus, so you enter the specific Bovada sports bonus code for new members. Because this promo matches your deposit by 50%, you’ll need to put $500 into your account. (If you put in less, you’ll still get the 50% match bonus, but you won’t get the maximum $250 in free bonus bets):
- With your $500 bonus and $250 in deposit match money, your account will show a balance of $750.
- The Bovada Sports Welcome Bonus has a 5X rollover.
- $750 x 5 = $3750
- You must wager a total of $3750 at Bovada before you are eligible to receive any payouts.
While this seems like a lot, it isn’t. Remember, sports wagering pays out reliably well, and most bettors will win at least as much as they lose. Whenever you win a bet, you receive your winnings in your account and can then use those winnings to wager on the next bet, which all counts toward this rollover. It adds up very quickly.
Remember, you do not have to “spend” $3750, you have to risk a total of $3750. Most players can achieve that without adding much (or anything!) to their initial deposit. This is literal free money!
The best way to use bonus bets is to make regular small wagers on your favorite players and teams throughout the course of the season. If you do this, bonus rollovers are extremely easy to meet, and you’ll accrue the necessary betting handle before you know it, just by doing what you were going to do anyway!
Legal Sports Betting Bonus FAQs
No. Bonuses are structured such that you cannot simply make one bet, win big, and claim your payout. This would not be tenable for any sportsbook, and it would break their business, as they operate on small margins.
This is why sports bet bonus rollover limits are employed.
However, because all the top legal betting sites have very low sports betting bonus requirements, these are easy to meet.
If you wish to bet on a single event and then withdraw your winnings, you will have to decide whether bonuses are the best option for your needs.
Otherwise, they’re a total no-brainer!
Many sportsbooks offer special mobile bet bonuses (or betting app bonuses, though these are all technically web apps that require no special downloads).
However, you won’t usually find a sign-up or new member bonus exclusively for mobile sports betting. Instead, most books offer betting app promos to any user – new or old – placing their first mobile wager, usually in the form of a risk-free bet.
Usually not. If there is a particularly big event taking place (like the Dota 2 World Championship), you may see an enhanced limited-time eSports bonus.
At any legal online betting website, no-deposit bonus offers can occasionally be found throughout the year.
These aren’t always offered, but when they are, they come in the form of a risk-free bet or “betting chip” that allows you place a single wager of between $20 and $50.
Keep in mind, rollover requirements do apply, which means that to withdraw your winnings, you will have to turn a betting handle as outlined in the rollover section above.
These don’t really exist anymore, but in the early days of legal online sports betting, sportsbooks would often give members special bonuses for making new kinds of bets.
This was a way to teach new bettors how each different wager type works, and since spread betting is one of the most popular ways to bet sports, books tended to give players a risk-free wager on any spread bet.
Of course, nowadays, you can simply use any betting bonus to place any kind of wager you wish.
This is a tough one because they’re all good, but we actually like Bovada’s the best.
Even though BetOnline bonuses and MyBookie bonuses are typically worth $1000 compared to Bovada’s $250, those sites have 10X rollovers attached, while the Bovada sports bonus only has a 5X rollover requirement.
This is best for new bettors, because it’s quick and easy to meet the terms, so you can claim your payouts ASAP.